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Property profile & analytics
OFF-MARKET
Warehouses

3220 Penn Ave Pittsburgh, PA 15201-1423

0.22 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-2409644
Property summary
AI-generated overview

This exceptional 24,000-square-foot flex industrial building presents a compelling investment opportunity in Pittsburgh's vibrant Strip District. Situated on a 0.84-acre lot, the property boasts a prime location, offering convenient access to numerous amenities. Currently 100% occupied by three tenants, this presents a strong, stable cash flow for investors. The building features three drive-in doors and ample parking with 28 spaces. Its RIV-IMU zoning allows for a variety of uses, and the substantial lot size presents potential for future vertical construction. The property's strategic location provides easy access to major transportation arteries, including a 1.9-mile proximity to the central business district (CBD), and within 2.1 miles of Route 28, I-376, and I-579. This turnkey investment is ideal for those seeking immediate income generation and long-term appreciation potential in a rapidly developing area. The property is offered as a triple net (NNN) lease, with the existing tenants providing a consistent revenue stream. This is a rare opportunity to acquire a well-located, fully occupied industrial property in one of Pittsburgh's most dynamic neighborhoods. The potential for future development adds significant value to this already attractive investment. Don't miss this chance to own a piece of the Strip District's thriving commercial landscape.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 0.22 ac (9,400 SF)
APN 25-D-141
UPID US73-2409644
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Work America (Bike/Boat/Book/etc) Store
  • Shred America Iron City Recycling Center Waste Management Facility
  • Iron City Document Management Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Flojoy INC · 1 yrs held
Flojoy INC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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